Ondas (NASDAQ:ONDS) Trading 9% Higher - Here's What Happened

Key Points

• Ondas shares jumped about 9% to $9.60 intraday, with roughly 70.4 million shares trading—about 26% below its recent average daily volume; the stock had closed at $8.81 previously.
• Analyst sentiment is mixed but leans positive: MarketBeat shows an average rating of Moderate Buy with a $17.25 average price target (1 Strong Buy, 6 Buy, 2 Sell), and several firms have raised targets into the high teens.
• In the latest quarter Ondas missed EPS expectations (reported a ($0.39) loss vs. ($0.06) expected) while beating revenue at $30.11M; the company remains unprofitable (negative ROE and net margin) and analysts forecast about -$0.53 EPS for the year.

Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report) shares were up 9% during trading on Thursday . The stock traded as high as $9.63 and last traded at $9.60. Approximately 70,432,370 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 95,796,727 shares. The stock had previously closed at $8.81.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Zacks Research cut Ondas from a "hold" rating to a "strong sell" rating in a report on Friday, March 27th. HC Wainwright set a $17.00 price target on Ondas and gave the stock a "buy" rating in a research note on Tuesday, March 10th. Lake Street Capital boosted their price objective on Ondas from $10.00 to $19.00 and gave the company a "buy" rating in a research report on Tuesday, January 20th. Stifel Nicolaus increased their price objective on Ondas from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Wednesday, January 21st. Finally, Glj Research set a $17.00 target price on shares of Ondas in a report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $17.25.

Ondas Price Performance

The firm's 50 day moving average price is $10.28 and its 200 day moving average price is $9.23. The stock has a market capitalization of $4.39 billion, a P/E ratio of -14.33 and a beta of 2.47.

Ondas (NASDAQ:ONDS - Get Free Report) last posted its earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.33). The business had revenue of $30.11 million during the quarter, compared to the consensus estimate of $27.49 million. Ondas had a negative return on equity of 69.00% and a negative net margin of 270.37%. On average, equities research analysts forecast that Ondas Holdings Inc. will post -0.53 earnings per share for the current year.

Hedge Funds Weigh In On Ondas

Several hedge funds have recently made changes to their positions in the business. Beaird Harris Wealth Management LLC lifted its position in Ondas by 3.8% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 27,250 shares of the company's stock valued at $266,000 after buying an additional 1,000 shares during the period. Avion Wealth increased its stake in shares of Ondas by 100.0% in the 4th quarter. Avion Wealth now owns 4,000 shares of the company's stock worth $39,000 after acquiring an additional 2,000 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Ondas by 231.4% in the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company's stock worth $32,000 after acquiring an additional 2,892 shares in the last quarter. Global Retirement Partners LLC lifted its position in Ondas by 30.0% during the 4th quarter. Global Retirement Partners LLC now owns 13,000 shares of the company's stock valued at $127,000 after acquiring an additional 3,000 shares during the period. Finally, Federation des caisses Desjardins du Quebec lifted its position in Ondas by 228.6% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,403 shares of the company's stock valued at $43,000 after acquiring an additional 3,063 shares during the period. 37.73% of the stock is owned by hedge funds and other institutional investors.

Ondas Company Profile

Ondas Holdings, Inc NASDAQ: ONDS develops secure private wireless networking solutions and unmanned aircraft systems tailored to mission-critical industrial applications. Its Ondas Networks division offers the proprietary FullMAX platform, a long-range, high-bandwidth broadband network designed to support real-time data transmission, remote monitoring and IoT deployments across rail, maritime and infrastructure environments. The broadband platform integrates edge-to-cloud architecture to ensure operational resilience and regulatory compliance for transportation and utility operators.

The company's Ondas Autonomous Systems segment builds heavy-lift cargo drones and uncrewed aircraft platforms for logistics, pipeline and infrastructure inspection, emergency response and other government and commercial use cases.

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